38W26: Interbank rates surge as SBV extends liquidity drain

During 38W26, the SBV intensified its net liquidity withdrawal through open market operations as system-wide liquidity remained ample, pushing interbank rates higher across the curve. In tandem, government bond yields edged higher across short-to-medium tenors amid stronger secondary-market trading activity. On the FX front, USDVND climbed back above the key 26,000 level, tracking the greenback’s post-Fed-hike rebound despite continued support from foreign net inflows.